Fintech startups in India raised $5.65 bn in 2022, a 47% drop from 2021
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Fintech startups in India raised $5.65 billion in 390 rounds last year, a massive drop of 47% in terms of funding amount and 29% in the number of rounds when compared with 2021, a report showed on Thursday. This drop in funding can be attributed to the decline in late-stage funding from $8.3 billion in 2021 to $3.7 billion in 2022, a drop of 56%, according to data provided by global SaaS-based market intelligence platform Tracxn.
